Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Forum focuses on investment opportunities for zakat funds  Join our daily free Newsletter

MENAFN - Muscat Daily - 17/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Muscat Daily) Meethaq, the Islamic banking wing of Bank Muscat, hosted a business forum highlighting the investment opportunities for zakat funds and inheritance wealth. The forum was addressed by prominent Sharia'a experts and businessmen, who discussed the utilisation of zakat funds and inheritance wealth through innovative Islamic banking products and services. 

Sulaiman al Harthy, group general manager - Islamic banking, said, ''Meethaq is proud to host this business forum as part of initiatives reflecting the bank's commitment to responsible banking, aimed at contributing to the country's development.''

''Islamic banking offers investment facilities for zakat funds and inheritance wealth in a manner consistent with the principles of Sharia'a law, serving the interests of community and business,'' he said, according to a press release on Tuesday.

''The entry of Islamic banking in the sultanate has contributed significantly to the growth and development of the banking sector and initial indicators confirm that innovative products and services are required to meet the needs of the public, such as the utilisation of zakat funds and inheritance wealth, in compliance with Sharia'a laws,'' said Harthy.

Presentations were made by Sheikh Khalfan bin Mohammed al Esri, co-founder of Prosper and Management Consulting, and Dr Saleh Nasser al Qasmi, director-general of Awqaf and Bait al Mal at the Ministry of Awqaf and Religious Affairs.

Meethaq strives to fulfil the needs of customers with innovative Sharia'a-based products and is well-positioned to provide Islamic financial expertise to diverse segments and thereby promote the good of society as a whole, the release said.

According to the release, Meethaq has adopted the best practices in Islamic banking and finance worldwide to combine a robust model that protects customers and complements the Islamic banking industry


 


Muscat Daily




  MENA News Headlines
 Oct 24 2014 - Qatar- Aljazeera to mark 300 days since arrests of journalistsThe Peninsula
(MENAFN - The Peninsula)   Aljazeera will be airing a special 300 second montage live on TV and online today to mark the 300 days since the arrest of its journalists Baher Mohamed, Mohamed Fahmy and ...

 Oct 24 2014 - Qatari, Iranian firms sign agreementThe Peninsula
(MENAFN - The Peninsula)  Qatar's Minister of Economy and Trade H E Sheikh Ahmed bin Jassim bin Mohammed Al Thani yesterday visited the Islamic Republic of Iran, accompanied by a delegation that ...

 Oct 24 2014 - Ecuador invites Qatari investors in key sectorsThe Peninsula
(MENAFN - The Peninsula)  The visiting President of the Republic of Ecuador, Rafael Correa Delgado, invited Qatari businessmen to invest in some of the promising sectors of the Ecuadorean economy, ...

 Oct 24 2014 - Qatar- Interior Ministry signs deal worth QR329m at MilipolThe Peninsula
(MENAFN - The Peninsula)  The total number of people who visited the recently concluded Milipol Qatar exhibition reached 6,583 persons from 63 countries, according to a press statement.Brig Nasser ...

 Oct 24 2014 - Saudi- Rem Sibug leads winners in InterCon Monthly MedalArab News
(MENAFN - Arab News) Talented Filipino young golfer Christer Rem Sibug was back in winning mode after a vacation in his native Philippines when he claimed the centerpiece A-Division title last Friday ...

 Oct 24 2014 - Saudi- Lifebuoy bowlers strike double in Mobily CupArab News
(MENAFN - Arab News) Lifebuoy bowling team made an impressive start to the Thursday League 12th Conference for Mobily Cup winning a Team of the Week and Bowler of the Week double at the Bowling City ...

 Oct 24 2014 - Saudi- Alaska Aces trump Purefoods 93-73Arab News
(MENAFN - Arab News) MANILA: Everything was going well for debuting reigning Grand Slam champion Purefoods on Wednesday night until the Star Hotshots known last season as the San Mig Coffee Mixers ...

 Oct 24 2014 - Malaysia charges 3 with supporting ISArab News
(MENAFN - Arab News) KUALA LUMPUR: A Malaysian court on Thursday charged three men with supporting the Islamic State (IS) after they were arrested while attempting to leave the country to join the ...

 Oct 24 2014 - Corruption 'paralyzes' Ukraine: PoroshenkoArab News
(MENAFN - Arab News) ODESSA Ukraine: Corruption is 'paralysing' Ukraine's economy President Petro Poroshenko said Thursday on a pre-election visit to the country's most important sea port.Poroshenko ...

 Oct 24 2014 - New Swedish govt steps up spendingArab News
(MENAFN - Arab News) STOCKHOLM: Sweden's new left-wing government presented Thursday its 2015 budget with the Nordic country's largest deficit in nearly two decades as it seeks to boost employment ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help